Iraq needs $4bn for new downstream oil investments, as OPEC supply cut deal to wait until December
Jabar al-Luaibi, Iraqi oil minister Jabar al-Luaibi, Iraqi oil minister said on Tuesday that the country needs $4 billion for ...
Sunday, May 31, 2026
Tag: OPEC
Oil trades near $59 as IEA says 2018 will be year of higher demand
West Texas Intermediate crude oil steadied near $59 a barrel as the International Energy Agency warned that rising U.S. supply may ...
Non-OPEC oil output, led by U.S., likely to grow more than demand- IEA
The International Energy Agency, IEA, said on Tuesday that the rise in global oil production, led by the United States, ...
Oil prices rebound as stocks markets steady
Oil prices rose on Monday by 1 percent, moving in step with stocks. It is recovering at least some of ...
U.S. crude oil inventories decrease again as oil prices rise
Oil prices rose Wednesday amid a share market recovery and supported by a report that U.S. crude inventories fell last ...
New OPEC worries as U.S. oil output hits 10mbpd, weakening price rally
The Organisation of Petroleum Exporting Countries (OPEC’s) effort to prop up global oil prices may face a draw back as ...
Oil falls on robust dollar, pushing the price below $69 a barrel, first time in six days
International oil price fell on Tuesday for a second day running as a stronger dollar dented risk-linked assets such as ...
Weaker dollar would not hurt Nigeria, vice president says
Yemi Osinbajo, Nigeria’s vice president Thursday said a weaker U.S. dollar would not necessarily hurt his oil-producing nation, according to ...
OPEC’s 2.19m barrels spare capacity no threat to Brent in 2018 – BMI
BMI Research, a Fitch Group company, has indicated that the 2.19 million barrels per day of spare production capacity of ...
Oil rises as Saudi Arabia sees OPEC, allies Cooperation beyond 2018
Emmanuel Ibe Kachikwu, Nigeria's petroleum and resources minister, center, looks on during a news conference the 173rd Organization of Petroleum ...
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